$2,374 Closing Credit*
$199,900
1,013 SqFt
3 Beds
•1 Full Bath, 1 Partial
Adam Stephany, Listing Office: WNY Metro Roberts Realty
Is South Park, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, South Park was a Seller's Market.
Key Takeaway
South Park is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in South Park, NY
How much do homes in South Park, NY cost?
Median Sold Price
$210,500
$154/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$500(+0.2%)
Key Takeaway
The sold price of homes in South Park has remained the same since last year.
Summary: The median home sold price in South Park was $210,500 in October 2024, up 0.2% from last year, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $150K | $174.2K | +16.2% |
| 3 Bedrooms | $210K | $212.5K | +1.2% |
| 4 Bedrooms | $210K | $190K | -9.5% |
| 5+ Bedrooms | $248.7K | $250K | 0.5% |
Summary: South Park housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 16.2%, 3 bedroom homes increased by 1.2%, 4 bedroom homes decreased by 9.5%, and 5+ bedroom homes increased by 0.5%.
Median Sold Price Compared To Nearby Neighborhoods
| South Abbott | $226.2K | $270K | +19.3% |
| Abbott McKinley | $198.5K | $226.6K | +14.2% |
| Triangle | $168.7K | $178K | +5.5% |
| South Park | $210K | $210.5K | 0.2% |
Housing Supply in South Park, NY
How many homes are available in South Park, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 30 | 30 | 0.0% |
Summary: The South Park real estate market had 30 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 15 | 15 | 0.0% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The South Park housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes remained the same, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 4 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Park, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in South Park in October 2024, down by 50.0% month-over-month. Of the 4 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for South Park, NY
How long does it take to sell a home in South Park, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 11 Days | 22 Days | +102.3% |
Summary: Homes in South Park had an average of 22 days on market in Oct 2024, up by 102.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in South Park are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in South Park; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
